In this episode of Investor Connect, host Hall Martin welcomes Darcy Bachert, Founder and CEO of Prolucid Technologies. Darcy shares the journey of Prolucid Technologies, a software engineering firm that specializes in designing and developing mission-critical systems for highly regulated industries such as med tech, nuclear, and industrial applications.
Darcy explains how the company pivoted from industrial automation to focusing on more stable industries during the Great Recession and highlights the importance of quality, cybersecurity, and compliance in their operations. He also discusses the challenge investors face in understanding the longer timelines and higher costs associated with bringing regulated software products to market and explains the pros and cons of investing in such technologies. Hall and Darcy delve into the increasing role of AI in med tech, particularly in enhancing diagnostic processes and speeding up clinical decision-making, with Darcy mentioning Prolucid' role in transforming prototypes into production-ready systems.
They also touch on the importance of advanced data analytics and ongoing monitoring in reshaping product value and post-market support. The conversation further explores the strengths and weaknesses of startups versus large strategics in the innovation landscape of regulated software products, and how choosing the right engineering partner is essential for success. Darcy offers practical advice on identifying credible partners and warning signs to watch out for, emphasizing the need for engagement and quality management systems.
Visit Prolucid Technologies at www.prolucid.ca/
Reach out to at www.linkedin.com/in/darcybachert/, darcy.bachert@prolucid.ca
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